Carrier Global Corp (CARR)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 8.77 | 7.19 | 6.70 | 6.84 | 7.50 | 7.08 | 7.50 | 8.23 | 8.44 | 7.52 | 6.28 | 6.39 | 6.20 | ||||
| DSO | days | 41.63 | 50.76 | 54.51 | 53.40 | 48.69 | 51.53 | 48.69 | 44.35 | 43.23 | 48.53 | 58.12 | 57.11 | 58.84 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.77
= 41.63
To analyze Carrier Global Corp's Days Sales Outstanding (DSO) trend, we observe fluctuations in DSO over the past eight quarters. DSO is a measure of the average number of days it takes for a company to collect revenue after a sale is made.
From Q1 2022 to Q2 2023, DSO has shown a somewhat erratic pattern, ranging from a low of 40.98 days to a high of 53.73 days. This indicates variability in the company's collection efficiency over time.
The highest DSO was recorded in Q2 2023 at 53.73 days, suggesting a lag in receivables collection during that period. Conversely, the lowest DSO was in Q4 2023 at 40.98 days, indicating improved collection efficiency compared to previous quarters.
Overall, Carrier Global Corp's DSO trend over the past eight quarters reflects some fluctuations, with efforts needed to consistently manage and reduce the time taken to collect on sales to enhance cash flow and liquidity.
Peer comparison
Dec 31, 2023
See also:
Carrier Global Corp Average Receivable Collection Period (Quarterly Data)